Arteris Inc reports results for the quarter ended in March - Earnings Summary

• Arteris Inc AIP reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of five analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -18 cents to -14 cents per share.

• Revenue fell 1.6% to $12.95 million from a year ago; analysts expected $12.61 million.

• Arteris Inc's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $9.4 million.

• Arteris Inc shares had fallen by 19.0% this quarter and gained 0.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Arteris Inc is $11.00

This summary was machine generated from LSEG data May 3 at 09:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)